You can see on the NASDAQ hourly chart things are too overbought at the moment and it looks as though some sort of sell off is on the way! This rallying over the last few days was on CHINA'S good news and the fact that OBAMA thinks he has sorted the Syrian Crisis by trying to make Asad hand over chemicals weapons! Something tells me that this plan is going to go horribly wrong!, and ensure you read my next post today, as I have a theory and evidence the SYRIA crisis is far from over in my eye.
Anyway, the chart rule for now and so far the hourly chart is still overbought and we might get some follow through selling coming soon.
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| nasdaq hourly chart |
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